Merchant cash advances

Milestone funding is one of the leading specialists in short term unsecured business and retail finance using merchant cash advances.

Merchant cash advances are a way of raising finance based on your future credit and debit card sales. If your business accepts credit/debit cards and processes at least £3500 per month and you meet a few basic qualifying criteria, then it may be possible to obtain unsecured cash advance for your retail business.

1. Funding available

Advances of £3500-£185,000 repayable over 6 months. Based on the value of monthly transactions passing through your PDQ machines, repayment comes from utilising a percentage of credit and debit card takings and is geared to be repaid within 6 months. However unlike conventional loans there is no fixed sum repayment, just a fixed percentage of each repayment.

2. Qualifying criteria for merchant cash advances

Your business has been trading for a min of 12 months ( 18 months for advances over £25,000)

For deals up to £25,000 it is possible to stay with your existing card processor. For deals of £25k and over you may have to switch your card processor. There is the possibility that that switching your card processor could save you money on your processing charges.

6. Benefits

Repayments fluctuate with sales through your PDQ terminal
Cash sales are not taken into account
Proceeds can be used for deposit on larger items
Can be used to finance things bank won’t touch

7. Can I renew?

Subject to satisfactory performance the facility can be renewed used on a rolling basis

Specialising in factoring, invoice discounting and invoice finance as the UK’s leading independent invoice finance broker, Milestone will be able to identify the most appropriate and cost-effective invoice finance facility and provider to help your business improve cash flow.